Responsible Entity & Trustee

As a leading provider of investment scheme management, we deliver specialised capabilities across Responsible Entity & Corporate Trustee services

Powered by a diverse range of specialists in one firm, we provide expertise in a range of managed investment schemes.   

When acting as a Responsible Entity, our services include:

  • Scheme registration.
  • Issuing the product disclosure statement.
  • Monitoring of compliance with the Corporations Act, PDS, TMD, constitution and compliance plan.
  • Complying with annual financial reporting and auditing obligations.
  • Managing reporting obligations to investors.
  • Investor complaints monitoring and resolution.
  • Appointing and monitoring external providers.
  • Investment Management Agreement between RE & Investment Manager:

    ⇒ Reporting
    ⇒ Funding and budgetary arrangements
    ⇒ Insurance, audits
    ⇒ Additional funding

Acting as a Responsible Entity for Retail Managed Investment Schemes

Acting as a Responsible Entity (RE) for Retail Managed Investment Schemes

What are the responsibilities of a Trustee?

A trustee takes legal ownership of the assets held by a trust and assumes fiduciary responsibility for overseeing those assets and carrying out the purposes of the trust. A trustee has a fiduciary duty to act in the best interests of both current and future beneficiaries of the trust.

For Wholesale Schemes, our Trustee services include:

  • Establishing the Trust Deed and Investment Management Agreement.
  • Appoints/confirms the Investment Manager.
  • Issuing the Information Memorandum.
  • Managing reporting to investors, including ‘white labelling’ on our website.
  • Dealing with investor enquiries.​
  • Issuing units to investors.​
  • Acting in a fiduciary capacity on behalf of all parties.
  • Complying with all regulatory requirements.
  • Holding scheme property as custodian on trust for investors.
  • Registry.
  • Utilising our managed investment scheme lawyers to advise on scheme documentation.

Acting as a Trustee for Wholesale Managed Investment Schemes

Acting as a Trustee for Wholesale Managed Investment Schemes

What Makes a Good Trustee?

Characteristics

  • Honesty and trustworthiness.
  • Knowledge of prudent investor concepts and guidelines: insurance, tax, and trust law.
  • Organisational, managerial, and problem-solving skills.
  • Good human relations and communication skills.
  • Longevity.

Guiding principles

  • Maintain confidentiality.
  • Remain loyal yet impartial.
  • Avoid conflicts of interest or any act of self-dealing.
  • Maintain solid documentation and policies.
  • Act prudently in fulfilling fiduciary responsibilities.

Responsibilities

  • Takes legal ownership of the assets held by a trust.
  • Assumes fiduciary responsibility for assets.
  • Act in the best interests of both current and future beneficiaries of the trust.
  • A core focus on aligning with investors objectives.